7,220 Shares in Ingredion Incorporated $INGR Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Ingredion Incorporated (NYSE:INGR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,220 shares of the company’s stock, valued at approximately $684,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Ingredion by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 7,487,354 shares of the company’s stock valued at $825,556,000 after purchasing an additional 208,606 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Ingredion in the 2nd quarter worth approximately $618,834,000. Dimensional Fund Advisors LP grew its stake in shares of Ingredion by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,115,136 shares of the company’s stock worth $350,952,000 after buying an additional 175,600 shares during the last quarter. First Trust Advisors LP increased its position in Ingredion by 53.1% during the 1st quarter. First Trust Advisors LP now owns 3,054,149 shares of the company’s stock valued at $344,080,000 after buying an additional 1,059,324 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Ingredion by 53.3% during the fourth quarter. AQR Capital Management LLC now owns 1,826,018 shares of the company’s stock valued at $201,337,000 after buying an additional 634,900 shares during the last quarter. Institutional investors own 85.27% of the company’s stock.

Ingredion Price Performance

Shares of NYSE INGR opened at $106.95 on Friday. The firm has a market cap of $6.74 billion, a P/E ratio of 11.66, a PEG ratio of 0.92 and a beta of 0.62. Ingredion Incorporated has a twelve month low of $94.44 and a twelve month high of $130.48. The company has a quick ratio of 1.92, a current ratio of 2.80 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $100.84 and a 200 day moving average of $107.33.

Ingredion (NYSE:INGR) last issued its earnings results on Tuesday, August 4th. The company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.71 by $0.11. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.83 billion. Ingredion had a return on equity of 15.40% and a net margin of 8.21%.The company’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $2.87 EPS. Ingredion has set its FY 2026 guidance at 10.300-10.900 EPS. As a group, research analysts expect that Ingredion Incorporated will post 10.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on INGR shares. Barclays dropped their target price on Ingredion from $120.00 to $118.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 5th. Oppenheimer downgraded Ingredion from an “outperform” rating to a “market perform” rating in a report on Monday, June 8th. UBS Group lifted their price target on Ingredion from $104.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Benchmark reiterated a “buy” rating on shares of Ingredion in a research note on Tuesday, June 9th. Finally, Zacks Research raised shares of Ingredion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Ingredion currently has an average rating of “Hold” and an average target price of $121.29.

Insider Activity at Ingredion

In related news, Director David B. Fischer sold 1,662 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $102.31, for a total transaction of $170,039.22. Following the sale, the director directly owned 19,930 shares of the company’s stock, valued at $2,039,038.30. This trade represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

Ingredion Company Profile

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.